Is Middlebury, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Middlebury has remained a Seller's Market.
Key Takeaway
Middlebury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middlebury, OH
How much do homes in Middlebury, OH cost?
Median Sold Price
$67,500
$49/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Middlebury have sold for 28.1% more than they did a year ago.
Summary: The median home sold price in Middlebury was $67,500 in March 2024, up 28.1% from last year, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123K | - | N/A |
| 2 Bedrooms | $32.9K | $48.5K | +47.2% |
| 3 Bedrooms | $40K | $73.7K | +84.4% |
| 4 Bedrooms | $59.5K | $73.5K | +23.5% |
| 5+ Bedrooms | $132.4K | $75.7K | -42.8% |
Summary: Middlebury housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.2%, 3 bedroom homes increased by 84.4%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 42.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $52.7K | $67.5K | +28.1% |
| Elizabeth Park Valley | $94K | $110.5K | +17.6% |
| East Akron | $62.5K | $70K | +12.0% |
| University of Akron | $95.1K | $103.5K | +8.8% |
Housing Supply in Middlebury, OH
How many homes are available in Middlebury, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 14 | -36.4% |
Summary: The Middlebury real estate market had 14 homes for sale in March 2024, a 36.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Middlebury housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middlebury, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Middlebury in March 2024, down by 75.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Middlebury, OH
How long does it take to sell a home in Middlebury, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 44 Days | +55.8% |
Summary: Homes in Middlebury had an average of 44 days on market in Mar 2024, up by 55.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middlebury has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Middlebury; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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